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Acquisition of Shares in UAB LOTOS Baltija by Grupa LOTOS SA
Report no. 96/20052005-11-16

The Executive Board of Grupa LOTOS SA hereby reports that on November 16th 2005 Grupa LOTOS SA acquired 4,400 shares in UAB LOTOS Baltija (a subsidiary), registered office in Lithuania, which represent 39.71% of the subsidiary undertaking’s share capital. Following the transaction, Grupa LOTOS SA holds 100% of shares in UAB LOTOS Baltija, which represent 100% of the total vote. The value of the transaction has been established at PLN 510,000. The par value of the acquired shares is LTL 65 per share, and their total par value is LTL 286,000 (PLN 329,472, translated at the mid exchange rate quoted by the National Bank of Poland for November 16th 2005). UAB LOTOS Baltija’s business is the sale of lubricating oils produced by Grupa LOTOS SA, in Lithuania, Latvia, and Belarus. The abovementioned transaction is part of a programme intended to rearrange the structure of the LOTOS Group, and aims at increasing the Company’s operational efficiency in the area of export to the countries situated east of Poland. The shares acquired in the transaction are deemed significant financial assets, as they represent over 20% of the share capital of UAB LOTOS Baltija. Legal basis for the publication of this report: Par. 5.1.1 of the Minister of Finance’s Regulation on current and interim information to be published by issuers of securities, dated October 19th 2005.